01/08/2024

How to Approach Low-cost Digital Transformations

Consider open-source alternatives

As IT leaders consider their priorities for 2024, they’d do well to remember digital transformation costs and the associated challenges. While digital transformation is important for business growth, many UK firms have struggled with poor returns linked to budget and strategy.

The failure rate for digital transformation projects is high, with a majority (88 percent) of business leaders surveyed for an Endava-sponsored IDC brief stating that only up to half of their digital transformation projects met the goals set out.

In spite of these challenges, global projections from Statista forecast spending on digital transformation projects rising to $2.51 trillion in 2024. Making spending go further for digital transformation and ensuring the cost of digital transformation does not exceed budgets will be key.

Please select this link to read the complete article from IT Pro.